Corner Commercial
New
For Sale
$3,400,000
5305 15th Ave NW, Seattle, WA 98107
C1-75 (M) zoning allows residential, mixed-use, office, retail, and other commercial development.
Property SizeContact for details
Days on Market5
Property Features for 5305 15th Ave NW
General Information
Standard status
Active
Property subtype
Land/Lot
Listing Agency:
Paragon Real Estate Advisors
Listed By:
Ben Douglas · License #22013305
(206) 623-8880
Source:
Handrisrealty
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 4 at 9:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paragon Real Estate Advisors
Investment Insights
Based on property information with market context.
This 12,810-square-foot parcel at 5305 15th Ave NW includes a vacant 2,567-square-foot restaurant building dating to 1971. C1-75 (M) zoning allows apartments, mixed-use, retail, office, live-work, and other commercial uses, with a 75-foot height limit. At 5.5 FAR, the zoning supports approximately 70,455 square feet of floor area. No design, permitting, or pre-submittal work has begun; development assumptions require confirmation with the Seattle Department of Construction and Inspections.
The property occupies the northwest corner of 15th Ave NW and NW 53rd St, one block south of NW Market St. Frontage is approximately 100 feet along 15th Ave NW and 128 feet along NW 53rd St. The site is within the Ballard Regional Center and the Medium MHA fee area.
Diamond Parking operates the lot under a month-to-month revenue-sharing agreement that produces income for ownership. The arrangement has no lease buyout requirement, and the agreement permits clearing the site for construction. The seller has not completed feasibility work or researched zoning; floor area, unit count, MHA obligations, and development assumptions should be verified.
The property occupies the northwest corner of 15th Ave NW and NW 53rd St, one block south of NW Market St. Frontage is approximately 100 feet along 15th Ave NW and 128 feet along NW 53rd St. The site is within the Ballard Regional Center and the Medium MHA fee area.
Diamond Parking operates the lot under a month-to-month revenue-sharing agreement that produces income for ownership. The arrangement has no lease buyout requirement, and the agreement permits clearing the site for construction. The seller has not completed feasibility work or researched zoning; floor area, unit count, MHA obligations, and development assumptions should be verified.
Key Highlights
- 12,810‑square‑foot corner parcel with frontage on two streets
- C1‑75 (M) zoning; 5.5 FAR supports approximately 70,455 square feet of floor area, subject to verification
- Approximately 100 feet of frontage on 15th Ave NW and 128 feet on NW 53rd St
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
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Business Placement
Demographics for 98107, WA
28,557
Population
16,538
Households
1.7
Avg Household Size
35
Median Age
76%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
12,980
Density / Sq Mi
$137,748
Median Household Income
$82,884
Median Earnings
$2,194
Median Rent
$924,900
Median Home Value
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Market
Vacancy Rate% for Retail in Seattle, WA
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Frequently Asked Questions
What type of property is this?
Commercial land - C1-75 (M) zoning allows residential, mixed-use, office, retail, and other commercial development.
Where is this commercial land located?
The property is located at 5305 15th Ave NW Seattle, WA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 12,810‑square‑foot corner parcel with frontage on two streets; C1‑75 (M) zoning; 5.5 FAR supports approximately 70,455 square feet of floor area, subject to verification; Approximately 100 feet of frontage on 15th Ave NW and 128 feet on NW 53rd St
